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[freedomgo]

... we don't know what will happen in future but let's see what they can do to help their token to get some pumps in future.

They made recent token burning which they announce here https://x.com/betfury_gaming/status/2039719519888052439

That was really the purpose of a token burn, to attract more investors while also rewarding the current holders. But it still depends a lot on timing, and I think what they did was done at the right time. A lot of tokens with high supply eventually go through this kind of method, so it’s already becoming a normal move in the market. Binance probably helped set that trend as well.

[SquirrelJulietGarden]

That was really the purpose of a token burn, to attract more investors while also rewarding the current holders. But it still depends a lot on timing, and I think what they did was done at the right time. A lot of tokens with high supply eventually go through this kind of method, so it’s already becoming a normal move in the market. Binance probably helped set that trend as well.

Binance did not set up or initiate this buy back and burn token trend, it's Ethereum. Binance tried to copy from Ethereum source code and made their BNB token, when Ethereum has buy back and burn mechanism, Binance did exactly the same for their BNB token but with their adjustments for their own buy back and burn program.

Of course Binance with very high trading volume, has great impacts on the market, and after Binance and BNB, many altcoin projects tried to do the same with buy back and burn programs. But copying something successful does not guarantee any success and many projects failed even they had buy back and burn. Months ago, some altcoin projects and their founders even raised ideas of revoke their buy back and burn programs when they realized such programs are useless and waste of money. Why do they need to buy back and burn their tokens while they can create less tokens at beginning.

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[joeperry]

That was really the purpose of a token burn, to attract more investors while also rewarding the current holders. But it still depends a lot on timing, and I think what they did was done at the right time. A lot of tokens with high supply eventually go through this kind of method, so it’s already becoming a normal move in the market. Binance probably helped set that trend as well.

Correct me if I'm wrong but the token burning event is scheduled right and not just whenever they want or whenever it is necessary? I think the BF team needs to think what other things we can do with or BFG tokens to attract more investors but I think this is not the priority now as I've also seen in other platforms that also has a token feature.  So far it's not that surprising that the price didn't pump that much since the token can only be used in the platform and no actual use outside yet, so the only investors or holders of the coin were mostly players or investors in Betfury.

[Zwei]

That was really the purpose of a token burn, to attract more investors while also rewarding the current holders. But it still depends a lot on timing, and I think what they did was done at the right time. A lot of tokens with high supply eventually go through this kind of method, so it’s already becoming a normal move in the market. Binance probably helped set that trend as well.

Correct me if I'm wrong but the token burning event is scheduled right and not just whenever they want or whenever it is necessary?

the token burn is done monthly, but the amount they burn each month is as good as not doing a burn, it's so small it's doesn't change anything really.

I think the BF team needs to think what other things we can do with or BFG tokens to attract more investors but I think this is not the priority now as I've also seen in other platforms that also has a token feature.

attracting investors would be the wrong thing to do imo, they need to attract more players who would use the token on betfury, more dommand = higher price. but for that to work they need to add some extra rewards for playing using BFG or something like that, cause right now the only utility for the tokens is the staking rewards, but with the price only going down, it's not looking good when you stake your tokens only to be in loss after 1 year.

by the way, did anyone see the new missions they added? https://betfury.com/missions

[Miles2006]

That was really the purpose of a token burn, to attract more investors while also rewarding the current holders. But it still depends a lot on timing, and I think what they did was done at the right time. A lot of tokens with high supply eventually go through this kind of method, so it’s already becoming a normal move in the market. Binance probably helped set that trend as well.

Correct me if I'm wrong but the token burning event is scheduled right and not just whenever they want or whenever it is necessary? I think the BF team needs to think what other things we can do with or BFG tokens to attract more investors but I think this is not the priority now as I've also seen in other platforms that also has a token feature.  So far it's not that surprising that the price didn't pump that much since the token can only be used in the platform and no actual use outside yet, so the only investors or holders of the coin were mostly players or investors in Betfury.

Token burning is not really compulsory as we think rather it’s a strategic method done commonly to limit supply in return reward holders. If the casino burn token monthly or whenever the time is due definitely the token might likely gain little value as time goes, I find this very supportive for the growth of the token yet it’s not enough viewing the token is valuable and used within the casino circle as mentioned, aside the casino circle will the audience really want to use BFG token outside or consider converting, that’s something to consider also instead why not hold for longer time and watch out the token price.

[serjent05]

Token burning is not really compulsory as we think rather it’s a strategic method done commonly to limit supply in return reward holders. If the casino burn token monthly or whenever the time is due definitely the token might likely gain little value as time goes,

Burning the token alone cannot increase the value.  It needs demand. That's what makes anything valuable.  As long as there is demand and the demand exceeds the supply, there is no way  for BFG but  increase in value.

I find this very supportive for the growth of the token yet it’s not enough viewing the token is valuable and used within the casino circle as mentioned, aside the casino circle will the audience really want to use BFG token outside or consider converting, that’s something to consider also instead why not hold for longer time and watch out the token price.

The BFG team must step up and find a way or create ways where BFG holders can have a real use for the token, not only for gambling and trading.  I wonder if they are planning to create their own merch and have BFG to be used as a mode of payment.

[dwyane36]

The BFG team must step up and find a way or create ways where BFG holders can have a real use for the token, not only for gambling and trading.

As for the BFG token, it's used only for gambling and staking on the BetFury platform, not for trading. There is almost no trading activity, as the BFG token is not listed on any major centralized exchange.
It's worth noting that the BetFury team abandoned the idea of listing it a long time ago. In fact, the BFG token can currently only be traded on a couple of DEXs, where there is relatively low liquidity in the trading pairs.

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[iv4n]

The BFG team must step up and find a way or create ways where BFG holders can have a real use for the token, not only for gambling and trading.

The price is going down, down... and I can't say it's a surprise:



BFG is what it is... we can stake it, claim rewards, get a share of the profit, and I think it will never be more than that. They can step up the game and do more for BFG. But it's not that simple, and the question is, why would they bother to do it? They burn BFG tokens from time to time, and we can see the effects.

It can be interesting (for some people) to play & earn these tokens, it can be a fun & interesting feature, but we can't really expect something bigger from BFG token. 

[TopTort777]

by the way, did anyone see the new missions they added? https://betfury.com/missions

I have noticed that, but that does not look much different from daily tasks every user had when he reaches 2 or 3 rank. They are the same, but I think for everyone now (cant check as I am no longer level 1. previously, I think different ranks had different daily tasks). Difference I have noticed, there are less missions that daily tasks I had and they are slots and original games oriented (for me at least). When they had daily tasks, I had dice, mines, crash tasks that required to get number of wins. Now its mostly about wagering.

[Taskford]

The BFG team must step up and find a way or create ways where BFG holders can have a real use for the token, not only for gambling and trading.

As for the BFG token, it's used only for gambling and staking on the BetFury platform, not for trading. There is almost no trading activity, as the BFG token is not listed on any major centralized exchange.
It's worth noting that the BetFury team abandoned the idea of listing it a long time ago. In fact, the BFG token can currently only be traded on a couple of DEXs, where there is relatively low liquidity in the trading pairs.

Betfury team seems heard the discussions in this thread and they post on this on their channel https://x.com/betfury_gaming/status/2040716077869527063

Got #BFG in your wallet? Here are 3 ways to use it:

💸 #Stake with up to 44% APY
📈 #Trade & swap BFG directly on BetFury
🍒 #Play Slots & Originals, bet on various Sports

Click to unlock your BFG potential 👉 https://betfury.tv/-betfury-

As for listing maybe its on major exchange it seems this is not going to happen soon, but let see if they have plans to make it happen since for sure this is big thing for those people still have BFG's in their casino also those still holding in their personal wallets.

[OcTradism]

Betfury team seems heard the discussions in this thread and they post on this on their channel https://x.com/betfury_gaming/status/2040716077869527063

Got #BFG in your wallet? Here are 3 ways to use it:

💸 #Stake with up to 44% APY
📈 #Trade & swap BFG directly on BetFury
🍒 #Play Slots & Originals, bet on various Sports

Click to unlock your BFG potential 👉 https://betfury.tv/-betfury-

Their post gives users who have BFG tokens knowing more about use cases of the token so that BetFury users and BFG token owners can be more knowledgeable and be more cleverly in using the tokens for their better benefits. Perhaps with this information, BFG token owners can build up their better personal strategies with tokens they have.

As for listing maybe its on major exchange it seems this is not going to happen soon, but let see if they have plans to make it happen since for sure this is big thing for those people still have BFG's in their casino also those still holding in their personal wallets.

It's a clever approach from BetFury because listing a token on centralized exchange needs listing fee spending. Listing on small centralized exchanges is like wasting the money from their business as effects will be like non existent while listing on Tier 1 centralized exchanges requires very huge and expensive listing fee. It's also not smart to spend expensive listing fee in a bear market when people mostly are not good in finance and they are less active with investment or trading.

[Rruchi man]

As for listing maybe its on major exchange it seems this is not going to happen soon, but let see if they have plans to make it happen since for sure this is big thing for those people still have BFG's in their casino also those still holding in their personal wallets.

It's a clever approach from BetFury because listing a token on centralized exchange needs listing fee spending. Listing on small centralized exchanges is like wasting the money from their business as effects will be like non existent while listing on Tier 1 centralized exchanges requires very huge and expensive listing fee.

The high listing fee is one reason; another reason could be exchanges refusing the tokens because of the legal issues the exchange can face from countries where gambling and anything related is highly prohibited. Big centralized exchanges will not want to have such issues that will affect their business, so they avoid casino tokens even if the casino makes an attempt to get them listed.

[iv4n]

by the way, did anyone see the new missions they added? https://betfury.com/missions

I saw it last night, and I decided to give it a try:



It seems the wagering requirements & prizes depend on level... I joined all slot missions, but it shows only this one.

By the way, I deposited 1.6 SOL, and it was crazy from the start... and then I started buying bonuses:







And this time I decided to stop on time:



Confirmed in less than a minute... 

[TopTort777]

Nice one. It looks like doing missions is easier than doing daily tasks or trying to wager x50 for a bonus But was it worth risking 130 bucks to get 50 freespins and 2 bucks reward, when you place bets 100 bucks worth ?

Anyway, congrats on your win. You have several hundred bucks which is a nice bonus for a new week to start

[terrific]

I think majority of gambler experienced that.  Trying to win back losses ends up in more losses.

That's the bitter truth of gambling, we all lose good amount of money then we lose even more if we try to recover them.

Yeah, so it is better to just let all the losses go and just have a fresh start.  This way, we won't be bothered by the previous losses and we can enjoy our gambling session and be able to think clearly since we are not into revenge gambling or chasing loses anymore.

Moving on and going with a fresher start is the best choice to absorb the losses and forget about them.
Bothering with the past losses we've made will only make us stuck in it. If we don't move on, it could lead to more possible losses.

This is the time when we get so emotional and we're losing ourselves through the desire of having more.
With the mistakes that's being said by other gamblers, it basically is also a problem of the others that we share these losses which becomes a common problem and result for each of us.

Yeah, sometimes even if we know we are doing it wrong, we can't just stop once get triggered by the losses.  It is really bad to be in a revenge gambling mode so as much as possible we must control ourselves and stop wheneve a sign of being triggered is showing.

We have to make some reminder to ourselves when it's getting too much that will be the indication that we have to stop.
Because fighting with our own emotion triggers the courage we've got but in a wrong way.

[joeperry]

Moving on and going with a fresher start is the best choice to absorb the losses and forget about them.
Bothering with the past losses we've made will only make us stuck in it. If we don't move on, it could lead to more possible losses.

Fresh start meaning like a new life right? If fresh start like forgetting previous losses and start gambling again, would only brings you back to the start but if you are referring to a new life, moving on doesn't guarantee that you'll never going back to it since there are times that you'll remember everything and possibly be tempted to try it again or try to test if you can earn back your losses. In order for you/us to move on from losses is simply accepting it first, because if you don't accept that you really lose, there's a high chance that it will haunt you and possibly brings you back to it again.

[Fivestar4everMVP]

Moving on and going with a fresher start is the best choice to absorb the losses and forget about them.
Bothering with the past losses we've made will only make us stuck in it. If we don't move on, it could lead to more possible losses.

Fresh start meaning like a new life right? If fresh start like forgetting previous losses and start gambling again, would only brings you back to the start but if you are referring to a new life, moving on doesn't guarantee that you'll never going back to it since there are times that you'll remember everything and possibly be tempted to try it again or try to test if you can earn back your losses. In order for you/us to move on from losses is simply accepting it first, because if you don't accept that you really lose, there's a high chance that it will haunt you and possibly brings you back to it again.

Yeah, that's definitely the top secret there, first accepting our loss to any gambling game is the first and most important step in trying to forget about that loss and get over it, a loss we fail to accept is really a loss will keep haunting us and anytime we remember it, the urge to go gamble and try to recover the lost funds will be one of the greatest issue we will have to always deal with from time to time..

But then on the other hand, there is a simpler way to all of this, and that is to always first set out the funds we intend to spend on gambling per session, then before actually starting to gamble, assume this money to be already lost and spend the money gambling for fun, if you are lucky, you will end up winning and making profit, but if you are unlucky, you will lose all the money and since you already considered this money lost before actually losing it, you won't regret a thing about it, you simply move on to other things and come again another day to try again.

[terrific]

Moving on and going with a fresher start is the best choice to absorb the losses and forget about them.
Bothering with the past losses we've made will only make us stuck in it. If we don't move on, it could lead to more possible losses.

Fresh start meaning like a new life right? If fresh start like forgetting previous losses and start gambling again, would only brings you back to the start but if you are referring to a new life, moving on doesn't guarantee that you'll never going back to it since there are times that you'll remember everything and possibly be tempted to try it again or try to test if you can earn back your losses. In order for you/us to move on from losses is simply accepting it first, because if you don't accept that you really lose, there's a high chance that it will haunt you and possibly brings you back to it again.

Not really a new life bro but like you'll just forget the recent losses and you'll start all over again.
I know that it's kind of tricky and hard to do that but that could leave you to think of having some goal again that you didn't reached recently.
While it doesn't guarantee that you won't be back there but IMO it's about the mindsetting that you're trying to clear.
So, a fresh start could help a bit for us when we've been dealing with so much losses. It might work to us but not to all.